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Sinopsis
Excerpt from The Distribution of Wealth
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Reseña del editor
Excerpt from The Distribution of Wealth: A Theory of Wages, Interest and Profits
It was the claim advanced by Mr. Henry George, that wages are fixed by the product which a man can create by tilling rentless land, that first led me to seek a method by which the product of labor every where may be disentangled from the product of cooperating agents and separately identified; and it was this quest which led to the attainment of the law that is here presented, according to which the wages of all labor tend, under perfectly free com petition, to equal the product that is separately attributable to the labor. The product of the final unit of labor is the same as that of every unit, separately considered; and if normal tendencies could work in perfection, it would be true not only of each unit, but of the working force as a whole, that its product and its pay are identical.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from The Distribution of Wealth: A Theory of Wages, Interest and Profits
It is the purpose of this work to show that the distribution of the income of society is controlled by a natural law, and that this law, if it worked without friction, would give to every agent of production the amount of wealth which that agent creates. However wages may be adjusted by bargains freely made between individual men, the rates of pay that result from such transactions tend, it is here claimed, to equal that part of the product of industry which is traceable to the labor itself; and however interest may be adjusted by similarly free bargaining, it naturally tends to equal the fractional product that is separately traceable to capital. At the point in the economic system where titles to property originate, - where labor and capital come into possession of the amounts that the state afterwards treats as their own, - the social procedure is true to the principle on which the right of property rests. So far as it is not obstructed, it assigns to every one what he has specifically produced.
In a series of articles and monographs, published at intervals since 1881, I have endeavored to formulate the parts of this theory relating severally to value, capital, wages, interest, rent and profits.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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The Distribution of Wealth
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The Distribution of Wealth
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781440097829
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The Distribution of Wealth: A Theory of Wages, Interest and Profits
Impresión bajo demandaLibrería: Forgotten Books, London, Reino Unido
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Paperback. Condición: New. Print on Demand. This book offers a comprehensive analysis of the distribution of wealth, delving into how income is divided among various societal agents. The author challenges the prevailing view that this distribution is governed by random market forces and posits that it is, in fact, subject to a natural law. This law, he argues, dictates that each contributor to the production process receives a share commensurate with their individual contribution. The book situates this theory within the broader context of economic history and theory, exploring its implications for issues such as wages, interest rates, and profits. It sheds light on the dynamic relationship between production and distribution, revealing how the organization of industry and the nature of productive activity shape the allocation of wealth. The author's insights provide a deeper understanding of the fundamental principles governing the distribution of wealth, offering a valuable resource for economists, policymakers, and anyone interested in the complexities of economic systems. By illuminating the natural laws that govern this process, the book lays the groundwork for a more just and equitable distribution of societal resources. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781440097829_0
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DISTRIBUTION OF WEALTH
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Condición: New. KlappentextrnrnExcerpt from The Distribution of Wealth: A Theory of Wages, Interest and ProfitsrnrnIt was the claim advanced by Mr. Henry George, that wages are fixed by the product which a man can create by tilling rentless land, that first led. Nº de ref. del artículo: 2148539001
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